ADA/USDT : Formed a new bullish sign
Updated
ADAUSDTHell everyone 😃
ADA is moving in a new ascending triangle; Now EMA 50 has reached the movement and it just makes it more bullish on Technical Analysis side !
But on other hands, journals are trying to cause a mid-term fud for #ADA to makes it retrace below the triangle.
We'll there will be a correction sooner or later !
- You can take the lead on the movement this time, We suggest to buy last time around $2.6.
If you missed the last time's opportunity, Then you can enter on a retest of lower zone current triangle !!
🔴 Also you can set a tight SL with a daily close below trend zone.
📌 Be warned about the higher bearish trendline which has formed recently.
🔰 The main targets for next bounce will be :
- $3.1586
- $3.5913
- $4.3187
Also there can be another support for ADA in future days of upward movement as the bullish trendline approaching it.
So the buy zones are mentioned on chart, And everything has been explained !
🔴 But have to warn again, ALTs; Specially ADA, Needs more space through BTC's continuation on daily bounces for further growths !!!
Any minor correction can be a invalidation for more highs...
Hope you enjoyed our analysis about ADA's possible directions🙌
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Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Note
⚠️ It's seems that #ETH is facing a liquidation event ! Watch for your scalps and market's direction.
📝 Don't panic on your old trades
Trade closed: stop reached
Broke below trend zone with 10% single candle...
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TELEGRAM :
t.me/Helical_Trades
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